Currency wars within the existing international monetary system

The author maintains that the fundamental problem of the global financial system, and of the current International Monetary System in particular, lies in the difficulty to achieve an international consensus on the major issues of foreign exchange regimes and to secure international cooperation in order to prevent foreign exchange conflicts and foreign trade conflicts. The article promotes the idea of accepting an economic reform package in accordance with the changing realities.

Keywords

government regulatory policy and central bank policy, the competitiveness of national currencies; competitive devaluation; hidden forms of monetary policy; currency intervention; defensive currency intervention.

Received

02.09.2019

Publication date

03.09.2019

Number of characters

16603

Cite

GOST	Zharikov M. Currency wars within the existing international monetary system // Obshchestvo i ekonomika – 2019. – Issue 8 C. 89-95 [Electronic resource]. URL: https://oie.jes.su/S020736760006129-0-1 (circulation date: 25.04.2024). DOI: 10.31857/S020736760006129-0
MLA	Zharikov, Mikhail "Currency wars within the existing international monetary system." Obshchestvo i ekonomika 8 (2019):89-95. DOI: 10.31857/S020736760006129-0
APA	Zharikov M. (2019). Currency wars within the existing international monetary system. Obshchestvo i ekonomika (8), pp.89-95 DOI: 10.31857/S020736760006129-0

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